Wilmar braces for weaker soymeal demand and lower Q4 profits: report

Submitted By:  Danielle Isaac Case Study:  No Buyers have stocked up soymeal as they prepare for a potential shortage. Wilmar International could see most of its profits whither in fourth quarter 2018 even after a bountiful Q3 mostly due to lower sugar contribution and the absence of investment gains, UOB Kay Hian said in a report. The possibly dented Q4 performance will prevent the firm from getting a profits growth in 2018 that is higher than UOBKH’s forecast of 11%. read more